For Further information About NHXS Inc. Call 1-800-753-3638.
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NHXS Signs 14 New Contracts to Provide Contract Compliance and Decision Support Solutions
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| | Sacramento, CA September 4, 2008
National Healthcare Exchange Services, Inc. (PINKSHEETS: NHCR), headquartered here, said today it signed contracts with 14 physician groups in 11 states representing 432 providers. These groups will use eobResolve™ to improve contract compliance, revenue recovery, and decision support for their physician groups.
These groups include:
Amarillo Heart Group, Texas
Bond Clinic, Florida
Cardiovascular Associates PSC, Kentucky
Children's Orthopaedic and Scoliosis Surgery Associates, LLP, Florida
Florida Heart Group PA, Florida
Hardin Professional Services, Kentucky
Mercy Health Systems, Pennsylvania
Mount Vernon Cardiology, Virginia
Neurosurgical Consultants of Washington, Washington
Pajaro Valley Medical Clinic, Inc., California
Papp Clinic, Georgia
Pinehurst Medical Clinic, North Carolina
Primary Care of Northern Ohio, LTD, Ohio
Salem Radiology Consultants, Oregon
NHXS provides turnkey solutions to improve payment accuracy and reduce dispute resolution costs for physicians and hospitals. The NHXS rules engine maintains fee schedule, pricing, and clinical edit logic for each payor and automatically identifies and disputes underpayments.
"The NHXS suite of products enables our group to manage payor contract performance in a highly efficient and precise manner. We couldn't be more pleased with the value proposition," says Mr. William Edwards, CEO, Pinehurst Medical Clinic
"NHXS has provided Mercy Health System with an excellent contract-monitoring tool for its professional services. NHXS also serves as a document management tool, providing critical access to EOBs for our multiple practice locations," says Gina R. Cameron, Director, Physician Services, Mercy Health Systems.
According to Mark W. Rieger, CEO of NHXS, "There is a small but relevant error rate in the payment of medical claims due to the complex payment rules used. NHXS converts what is typically an expensive and tedious process to one that is simple and automatic. The goal with any contract compliance system should be to improve first EOB payment accuracy not to perpetuate a second revenue stream from recoveries. Every time the physician has to touch the claim, the cost of doing business increases. Timely and accurate feedback to the payor is essential," Rieger said.
In addition to eobResolve™, NHXS provides a number of solutions built around its payor specific payment rules engine. These include nhxsPricer™; a point of service patient responsibility calculator, and contractResolve™; a powerful contract negotiation and forecasting tool.
For more information, visit www.nhxs.com.
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